Archives

Categories

Category: Various Loans

During consecutive appearances in the Cortes, within the commission that investigates the adjudication, management, and supervision of the savings banks that had their registered office in Castilla y León, both have coincided in pointing out that these credits passed all the filters of the boxes, so they were treated as a customer over entities.

The first to declare in this open commission for more than a year and a half in the regional courts has been the president of Caja España between 2006 and 2010, Santos Llamas, who has stated that he never had a “privileged treatment” on the part of the entity that presided at the time of receiving various loans to their companies, because he was not “the best client of the Caja”- Get it Now.

During his appearance, Santos Llamas has reiterated on several occasions that the loans to his companies were “scrupulously” adapted to the law, at the same time he said that he “never influenced” the board of directors to approve loans to their companies. , because when these concessions were deliberated he was absent from the meeting.

Also, Llamas has stated that these credits were approved unanimously,

while they exceeded “without any snag” the filters of the risk committee and the steering committee, at the same time that it has confessed that if it requested the credits to the entity who presided was because from the direction they advised him to have all his business “at home” facing the “public image”.

In addition to the surname Llamas, the other name that has been repeated most during the numerous appearances of this commission of investigation has been that of José María Arribas, who today has appeared in the Cortes, despite having a pending trial in the Provincial Court. of Burgos, to defend his work at the helm of Caja Burgos between 2003 and 2011.

The president then of Caja Burgos, Jose Maria Arribas, said today that the loans that the presiding box granted to companies associated with him were not “one-tenth” more favorable than those that could be granted to other companies at that time.

However, Arribas has not gone too far in this matter because it is currently under judicial process after five years of investigation, so the former president has asked parliamentarians not to “influence” on these matters so as not to convert Courts in “a court bench debate”.

During their respective appearances of more than two hours each, both have been questioned by the different public representatives about the failed process of merging all the savings banks of the Community into a single entity.

In this sense, with the merger of all the boxes of Castile and Leon would

have “put in common all the hardships and shortcomings,” which would have done more than “put more at risk” to all entities to “not being able to ensure its solvency “, has expressed Arribas.

For his part, Llamas has acknowledged that what was done in the Fund “was, politically, what the two parties decided”, in reference to the presence of the PP and the PSOE in the direction of the entity, and has stated that, Although “you do not want to wash your hands” with the decisions made, it was these parties that decided.

This political “weight” in the decisions of Caja España also affected the merger process of these entities, since Llamas has narrated how one day the president of the Board, Juan Vicente Herrera, picked up the phone and called the Savings Banks to suggest that “you had to merge all the Community boxes into one”.

This was the genesis, according to Llamas, of the “necessary” mergers of the boxes in the Community, although finally this process of creating a large savings bank in Castilla y León “failed”, as has also been apostilled Arribas, who has lamented that the Board wanted to create a “financial muscle that really could not move anything”.